Author Question: Seth and Vanessa are married and filing jointly. Their taxable income is 140,526. Use the Tax Rate ... (Read 149 times)

c0205847 · **on:** Jun 24, 2018

Seth and Vanessa are married and filing jointly. Their taxable income is 140,526. Use the Tax Rate Schedule, Exhibit 18-4 from your text, to find their tax liability. (Round your answer to the nearest cent if necessary)
A) 35,284.08
B) 26,844.00
C) 33,067.28
D) 39,347.28

Question 2

The spoilage rate on a shipment of wheat is expected to be 20. It was purchased at a cost of 5.35 per bushel. What should the selling price per bushel be to achieve a markup of 6 based on selling price? (Round your answer to the nearest cent)
A) 5.67
B) 7.09
C) 5.57
D) 7.11